Dotty ScottAskDotty Membership - I always have your back 😊, AskDotty · AskDotty Membership - I always have your back 😊 at AskDotty

Contingency with Venders

16 Sept 2022 · 1 min

Watch on YouTube

1:00

This content was created by Dotty Scott. This content was uploaded by Dotty Scott. This is a YouTube video titled "Contingency with Venders" (created 2022-09-16). The excerpt is a spoken segment by a single participant (labeled SPEAKER A) describing their experience setting up a hosting business with contingency plans so customers and recurring income are handled if the owner dies—assuring accounts automatically fall back to the company. The clip appears to be part of a discussion or interview about vendor contingency and business continuity.

Chapters

I can share that when— so I sell hosting among other things, but when I set up the company that I sell hosting through, I actually asked them, you know, what's going to happen to my customers when I die? And they said, well, it's set up to automatically fall back to the company and all the customers will be taken care of. So like that piece was, is taken care of before I ever committed because I needed to have that assurance before I committed to something long-term, if that makes sense. Sure. So if your business has little pieces that are recurring income, make sure that you know what's going to happen to that recurring income when you pass. Because that I felt was really important to know that my customers aren't going to be abandoned.